Zacks Investment Research Lowers Cardtronics PLC (CATM) to Hold

Zacks Investment Research lowered shares of Cardtronics PLC (NASDAQ:CATM) from a strong-buy rating to a hold rating in a report released on Tuesday, May 9th.

According to Zacks, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. “

Cardtronics PLC (NASDAQ CATM) remained flat at $33.41 during midday trading on Tuesday. The stock had a trading volume of 341,921 shares. Cardtronics PLC has a one year low of $32.94 and a one year high of $56.00. The stock has a market capitalization of $1.52 billion, a PE ratio of 21.39 and a beta of 0.79. The firm’s 50-day moving average price is $35.93 and its 200 day moving average price is $45.87.

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In related news, insider Gerardo Garcia sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the transaction, the insider now owns 3,743 shares of the company’s stock, valued at $126,550.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Simpson-Dent sold 18,721 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $34.24, for a total value of $641,007.04. Following the transaction, the insider now directly owns 16,792 shares of the company’s stock, valued at approximately $574,958.08. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its position in Cardtronics PLC by 1.7% in the third quarter. Advisor Group Inc. now owns 2,531 shares of the business services provider’s stock worth $112,000 after buying an additional 42 shares during the period. Flinton Capital Management LLC raised its position in Cardtronics PLC by 6.2% in the first quarter. Flinton Capital Management LLC now owns 2,408 shares of the business services provider’s stock worth $113,000 after buying an additional 140 shares during the period. Neuburgh Advisers LLC raised its position in Cardtronics PLC by 6.2% in the first quarter. Neuburgh Advisers LLC now owns 2,924 shares of the business services provider’s stock worth $137,000 after buying an additional 170 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Cardtronics PLC during the fourth quarter worth $140,000. Finally, LS Investment Advisors LLC raised its position in Cardtronics PLC by 79.9% in the first quarter. LS Investment Advisors LLC now owns 3,064 shares of the business services provider’s stock worth $143,000 after buying an additional 1,361 shares during the period.

About Cardtronics PLC

Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.

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